No. 1542 approving an application for real property tax deduction (Value Plus Construction, Inc., 2520 W. Calvert St.)

Home Browse Search

RESOLUTION NO. 1542 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I.C. 6- 1.1- 12.1- 2(1)provides that an application for property tax deduction may not be approved when the property is located in an allocation area as defined in I.C. 36- 7- 14 -39, unless the Redevelopment Commission which designated that allocation area adopts a resolution approving that application; and WHEREAS, the South Bend Common Council has received a petition for five (5) years of real property tax abatement consideration from Value Plus Construction, Inc. for the benefit of Beverly J. King for real property located at 2520 West Calvert Street in the Sample -Ewing Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Sample -Ewing Development Area by Resolution No. 1222, adopted February 4, 1994, and in the same resolution declared the Sample -Ewing coDevelopment Area (South Bend Allocation Area No. 8) and WHEREAS, the properties located at 2520 West Calvert Street are located within the Sample -Ewing Development Area (South Bend Allocation Area No. 8); NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Value Plus Construction, Inc. for the benefit of Beverly J. King for five (5) years of real property tax abatement consideration for property located at 2520 West Calvert Street in the Sample -Ewing Development Area (South Bend Allocation Area No. 8) should be and is hereby approved based on extenuating circumstances as outlined in the Staff Report. 2) That a copy of this resolution be forwarded to the South Bend Common Council to indicate the Commission's approval of the petition for real property tax abatement for Value Plus Construction, Inc. for the benefit of Beverly J. King. pl� Approved this 7th day of November 1997 at the regularly scheduled meeting of the South Bend F Redevelopment Commission. SOUTH B D REDEVELOPMENT COMMISSION Robert W. Hunt, President ATTEST: " V Paula N. Auburn, Secretary vb:Res 1542